Your group is the investment research team at a boutique private wealth management firm. One of your clients, American entertainment mogul and self-made billionaire Zee-J Carter was offered the opportunity to acquire 79 million shares of CIBC FirstCaribbean International Bank (approximately 5% of the bank) from its majority shareholder CIBC.Zee-J is excited about the prospect of having an equity position in an “offshore bank” and has asked your firm to advise on the financial strength of the bank before making a final decision.Required:Review the most recent annual report of CIBC FirstCaribbean and any other relevant publicly available information and prepare a comprehensive analyst report to assist Zee-J with his decision. Is de-risking a concern for this bank? If so how can management mitigate this? Discuss in detail and use reference supported by the annual report in the linkThe annual report can be located at the following link:https://www.cibcfcib.com/binaries/content/assets/annual-reports/2022/cibc-fcib-group-ar-2022.pdf